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UMW O&G takes delivery of jack-up

UMW O&G takes delivery of jack-up
Amid a depressed oil market and budget cuts, Malaysia's UMW Oil & Gas (UMW O&G) has taken delivery of yet another jack-up drilling rig, UMW Naga 8 from Keppel FELS, the group said in a stock market announcement.

UMW O&G added that the rig was currently being prepared to be mobilised for a potential client in Southeast Asia.

“At 400 feet water depth, this latest rig will enable us to address a niche market where there is less competition. The additional asset will also provide us with the capacity to cover a wider market, both regionally and globally to continue our growth once the market recovers,” said UMW O&G president Rohaizad Darus in a statement.

With UMW Naga 8, the company’s drilling fleet now consists of eight drilling rigs and five hydraulic workover units.

TAGS: Offshore